July 31, 2020 — FRIDAY AM
The ES and NQ finished the previous session in strong fashion after strong earnings from the Big 4 after the bell yesterday. The morning shakeout leg followed by the afternoon rally triggered bullish outside days in the ES and NQ, which could fuel the next wave of strength over the next 1-5 days. Any pullback early next month could still offer a buying opportunity for strength ahead. Crude Oil is attempting to rally back up yesterday’s range, and Gold has hit 2000.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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